Temasek sees no concern over massive AI spending
“Singapore’s Temasek is not concerned about the massive spending by hyperscalers driving the AI buildout, as the state investor seeks to increase its exposure to the technology, its North America Head …”
Speaking at the Reuters Investment USA event in Boston, Atherton said companies funding AI infrastructure believe their large-scale investments will generate risk-adjusted returns as AI adoption grows. Analysts expect hyperscaler capital spending to exceed $1 trillion by 2027, driven mainly by costly chips and data centers.
Temasek, which holds stakes in Anthropic and OpenAI, has about $400 billion in overall holdings. It plans to increase AI investments to as much as 15% of its portfolio over the next five years, from around 6% currently.
Atherton said AI safety should be addressed by governments and technology companies.
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